Indian benchmarks cracked in line with global peers, falling 1.3 per cent on Friday, as multi-decade high inflation in the US jolted investor confidence who feared bulkier rate hikes by the world’s biggest economy.
The S&P BSE Sensex plunged 773 points to end at 58,153 and the Nifty50 closed slumped 231 points to close at 17,375. With this, the indices halted their three-day winning streak, slipping 0.8 per cent for the week.
In the broader markets, the BSE MidCap and SmallCap indices shed about 2 per cent each, clocking weekly losses of up to 3.4 per cent.
Given the situation of rate hike in the US, all the sectoral indices settled in the negative territory today with technology and public sector banks being the worst hit. The IT and PSB indices dropped nearly 3 per cent and 2 per cent, respectively, while Bank, Financial Services, and Realty indices slipped upwards of 1 per cent on the NSE.
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Stocks across the board, barring the IT sector, witnessed significant selling pressure in trades on Friday as unwinding of global stimulus packages dented sentiment. That apart, unforseen threat from the Omicron virus and high inflation kept bulls at bay all through the day.
The BSE Sensex tanked to a low of 56,951, and evenutally settled with a heavy loss of 889 points at 57,012. In the process, the BSE benchmar ended the week with a significant loss of 3 per cent (1,775 points).
The NSE Nifty slumped to a low of 16,966, and finally ended with a loss of 263 points at 16,985.
Index heavyweight Reliance Industries plunged 2.6 per cent to Rs 2,341, and alone accounted for a loss of 176 points on the BSE benchmark. That apart, the HDFC twins were the other major dragggers (223 points loss).
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Amid thin-trading in Asia, Indian equities clinched fresh record highs in the intra-day session on Friday on sustained bullish momentum in the markets. Frontline S&P BSE Sensex nearly kissed the 48,000-mark when it hit a fresh lifetime high of 47,980 levels. Its NSE counterpart, Nifty50, on the other hand touched a new peak of 14,050.
The indices, however, climbed-off record highs and settled the day around 0.2 per cent higher. The Sensex index ended the day at 47,869 levels, up 118 points or 0.25 per cent. ITC (up 2.3 per cent), TCS, M&M, and State Bank of India (SBI) were the top index gainers, while ICICI Bank (down 1.3 per cent), HDFC Bank, and Titan were the top drags on the index.
The broader Nifty50 closed the day at fresh closing high, above the 14,000-mark, at 14,018.5 levels, up 37 points or 0.26 per cent.
Among individual stocks, shares of Antony Waste Handling Cell debuted at the bourses at Rs 430 apiece, commanding a 36 per cent premium against the issue price of Rs 315. At close, the stock erased gains and settled 5 per cent lower than the listing price, at Rs 408 per share. It was, however, still up around 30 per cent compared to the issue price.
Besides, auto stocks remained in focus on Friday as firms reported their December sales. Maruti Suzuki ended the day 0.5 per cent higher after it reported a 20 per cent YoY rise in December sales. Meanwhile, M&M’s total sales slipped 10 per cent; Escorts total sales grew 88 per cent YoY; and Ashok Leyland’s total sales improved by 14 per cent on a yearly basis. All the stocks settled higher in the range of 2.5 per cent to 3.5 per cent.
Sectorally, largely all the NSE indices ended the day in the green barring Nifty Bank, Nifty Private Bank, and Nifty Financial Services indices. On the upside, Nifty PSB index ended over 3 per cent higher.
In the broader market, the S&P BSE MidCap and S&P BSE SmallCap index ended the day 1.24 per cent and 0.9 per cent higher, respectively.
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The domestic equity market ended Friday’s volatile session on a positive note amid healthy buying in financial, oil and gas, metal, and FMCG stocks.
The benchmark S&P BSE Sensex ended at 46,099, up 139 points, or 0.3 per cent while NSE’s Nifty ended at 13,514, up 36 points, or 0.26 per cent.
During the day, Sensex hit a record high of 46,309.63 while Nifty scaled an all-time high of 13,579.35.
Shares of Hinduja Global Solutions soared 17 per cent to Rs 1,148 on the BSE in intra-day trade on Thursday after the company’s subsidiary, HGS AxisPoint Health, partnered with Parkland Community Health Plan (PCHP) to provide disease management services to approximately 195,000 Medicaid beneficiaries in a seven-county area in North Texas.
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The domestic equity market ended Friday’s session, the last trading day of Samvat 2076 on a positive note after oscillating between gains and losses during the day. The S&P BSE Sensex today gained 86 points, or 0.2 per cent to settle at 43,443 levels. With today’s gain, the index rallied 10.68 per cent during Samvat 2076.
NSE’s Nifty ended Friday’s session at 12,720, up 29 points, or 0.23 per cent. India VIX fell around 4.5 per cent to 19.7 levels.
On a weekly basis, both Sensex and Nifty gained 3.7 per cent each.
Meanwhile, market will open for one hour on Saturday, November 14 for the auspicious “Muhurat Trading session, which will start at 06:15 pm. However, it will remain closed on Monday, November 16 on account of Diwali-Balipratipada.
In the broader market, the S&P BSE MidCap index rose 0.86 per cent to 15,876 levels while the S&P BSE SmallCap index advanced over 1 per cent to 15,639 points.
Sectorally, all the indices but Nifty FMCG, and Nifty Media settled in the green.
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The Indian stock market ended over 2 per cent higher on Friday due to across-the-board buying.
The S&P BSE Sensex ended 835 points, or 2.28 per cent higher at 37,389 levels with all the 30 constituents ending in the green. Bajaj Finserv (up 6.6 per cent) was the top gainer on the index, followed by HCL Tech (up over 5 per cent), and Bharti Airtel (up 5 per cent).
NSE’s Nifty, meanwhile, reclaimed the crucial 11,000 level to settle at 11,050, up 245 points, or 2.26 per cent. India VIX dropped nearly 12 per cent to 20.76 levels.
On a weekly basis, both Sensex and Nifty declined nearly 4 per cent.
All the Nifty sectoral indices ended in the green, led by Nifty IT and FMCG indexes, both up nearly 3.5 per cent, each.
In the broader market, the S&P BSE MidCap index gained around 3 per cent to 14,337 levels while the S&P BSE SmallCap index added 2.31 per cent to 14,496 levels.
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The domestic stock market ended flat with a positive bias on Friday. The S&P BSE Sensex settled 14 points, or 0.04 per cent higher at 38,854.5 levels while NSE’s Nifty ended at 11,464, up 15 points, or 0.13 per cent. India VIX dropped nearly 3 per cent to 20.68 levels.
SBI (up 2 per cent) ended as the top gainer on the S&P BSE Sensex while IndusInd Bank (down nearly 2 per cent) was the biggest loser. Of 30 constituents, 10 advanced while 20 declined.
On a weekly basis, Sensex gained 1.29 per cent while Nifty added 1.15 per cent.
The broader market, however, fared better than the frontline indices. The S&P BSE MidCap index settled at 14,660 levels, up 0.58 per cent and the S&P BSE SmallCap index ended 0.52 per cent higher at 14,558.
Sectorally, IT stocks rallied the most. The Nifty IT index ended 1.29 per cent higher at 18,633 levels. Nifty PSU Bank index gained 0.79 per cent while Nifty FMCG index settled 0.63 per cent higher at 30,972 levels.
Shares of Wipro and Tata Elxsi hit their respective 52-week highs on the BSE on Friday on the expectation of strong earnings growth in the current quarter (July-September) of the financial year 2020-21 (FY21). READ MORE
Shares of Max Healthcare Institute (MHIL) hit a high of Rs 133.80 on the BSE during the day on the back of heavy block deals. The stock settled at Rs 131.30, up around 17.5 per cent.
Strides Pharma ended nearly 13 per cent higher at Rs 685.90. In the past two months, the stock has rallied over 64 per cent after the company reported strong performance across all business segments in the April-June 2020 quarter (Q1FY21) despite significant disruptions and ambiguity in the business environment due to Covid 19.
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The Indian markets ended over half a per cent higher on Friday, lifted by financial stocks, while volatility index, India VIX, dipped 4 per cent to below 20 levels.
The S&P BSE Sensex gained 214 points, or 0.56 per cent, to 38,435 levels, and the Nifty50 index ended above the 11,350-mark at 11,372, up 59 points or 0.53 per cent. NTPC (up over 4.5 per cent), Asian Paints (up over 4 per cent) and Power Grid (up over 4 per cent) were the top Sensex gainers. Asian Paints hit a record high of Rs 1,971 during the day. The stock settled at Rs 1,958.35 on the BSE.
On a weekly basis, Sensex gained 1.47 per cent while Nifty added 1.72 per cent.
On the flip side, ONGC (down over 1 per cent), Bharti Airtel (down 1 per cent), and Tata Steel (down nearly 1 per cent) were the biggest losers on the index.
Among other individual stocks, GMM Pfaudler surged over 8 per cent in early deals after it said it has acquired a 54 per cent stake in its parent firm Pfaudler Group for a consideration of around $27.4 million.
The trend among Nifty sectoral indices was positive, led by Nifty PSU Bank index, up 1.8 per cent.
Meanwhile, the broader markets kept up their outperformance. The S&P BSE MidCap index ended at 14,954, up 0.57 per cent while the S&P BSE SmallCap index ended at 14,625.19, up nearly 1.5 per cent.
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Indian equity market soared on Thursday, the last day of the futures & options (F&O) contracts of April series, as encouraging early results from a Covid-19 treatment trial boosted investor sentiment. Buying was witnessed across the board with stocks such as Tata Motors, Vedanta, and Hindalco leading the charge.
The S&P BSE Sensex rallied an impressive 997 points or 3 per cent to 33,718 levels. Of 30 constituents, 26 ended in the green and rest 4 in the red. ONGC (up over 13 per cent) emerged as the biggest gainer on the index, followed by HCL Tech (up 11 per cent), Hero MotoCorp (up 9 per cent), and NTPC (up 6 per cent).
On the contrary, Sun Pharma (down nearly 3 per cent) ended as the top loser. HUL, too, ended over 1.6 per cent lower at Rs 2,195.70 ahead of its March quarter results due later in the day.
Reliance Industries (RIL) stock ended nearly 3 per cent higher at Rs 1,467.05 apiece on the BSE. The company is slated to announce March quarter results and consider rights issue later in the day. Further, it has announced that it will reduce the salaries of some of its employees in the hydrocarbon division by 10 per cent in view of the “adverse impact” of the coronavirus pandemic on fuel demand.
NSE’s headline index Nifty surged 307 points or over 3 per cent to settle at 9,860.
On a weekly basis, Sensex zoomed 7.6 per cent and Nifty jumped 7.7 per cent.
In the broader market, the S&P BSE MidCap index rallied 1.46 per cent to 12,013 levels and the S&P BSE SmallCap index gained over 1 per cent to 11,102-mark.
On the sectoral front, metal stocks advanced the most with the Nifty Metal index surging 8 per cent to 1,859.90 levels. The Nifty Auto index was second on the list – up 6.45 per cent to 5,901 levels.
Markets were closed on Friday on account of Maharashtra Day.
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Extending its slide for the second consecutive day, the domestic equity market ended with nearly half a per cent loss on Friday, mainly dragged by information technology (IT) shares. Besides, uncertainty on US-China trade deal talks, too, hurt sentiment.
The S&P BSE Sensex lost 216 points or 0.53 per cent to end at 40,359 levels. During the day, the index hit a high and low of 40,653.17 and 40,276.83, respectively. Tata Steel (up over 4 per cent) was the top gainer on the index while IT major Infosys (down around 3 per cent) was the biggest loser.
On the NSE, the broader Nifty50 index ended at 11,914, down 54 points or 0.45 per cent with 29 constituents declining and 21 advancing.
In the broader market, the Nifty Midcap 100 index ended flat at 16,868, up just 5 points or 0.03 per cent while Nifty Small Cap 100 index ended at 5,702, down over 4 points or 0.08 per cent.
India VIX declined over a per cent to 14.82 levels.
Sectorally, IT stocks declined the most with the Nifty IT index ending 2 per cent lower at 14,996 after reports said Goldman Sachs has downgraded counters such as Tata Consultancy Services (TCS), Wipro, and Mphasis. The brokerage, as per reports, noted that the IT sector, as a whole, will face cyclical hiccup ahead and the current valuation of the sector is at premium to historical average.
Financial and FMCG stocks, too, ended in the negative territory. On the flip side, metal stocks witnessed sharp rally in the fag-end of the session. Nifty Metal index added over 2 per cent to 2,521 levels.
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